Short Term Price Target on Campbell Soup Company (CPB)

Campbell Soup Company (NYSE:CPB) stock is expected to deviate a maximum of $3.89 from the average target price of $60.5 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $65 and the most muted being $55.

Shares of Campbell Soup Company rose by 6.21% in the last five trading days and 8.96% for the last 4 weeks. Campbell Soup Company is up 2.6% in the last 3-month period. Year-to-Date the stock performance stands at 27.99%.

Campbell Soup Company (NYSE:CPB) : Zacks Investment Research ranks Campbell Soup Company (NYSE:CPB) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 3.03, which indicates as a Hold.

Campbell Soup Company (NYSE:CPB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.96 and $62.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $66.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $66.53, notching a gain of 5.91% for the day. The total traded volume was 4,305,720 . The stock had closed at $62.82 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior Vice President) of Campbell Soup Co, Carolan Edward had sold 5,000 shares worth of $309,650 in a transaction dated March 4, 2016. In this transaction, 5,000 shares were sold at $61.93 per share.

Campbell Soup Company manufactures and markets food products. The Companys segments include U.S. Simple Meals; Global Baking and Snacking; International Simple Meals and Beverages; U.S. Beverages, and Bolthouse and Foodservice. Its U.S. Simple Meals segment includes various products, such as Campbells condensed and ready-to-serve soups; Prego pasta sauces, and Pace Mexican sauces. Its Global Baking and Snacking segment includes Pepperidge Farm cookies, crackers, bakery and frozen products in the United States retail. Its International Simple Meals and Beverages segment includes retail business in Canada. Its U.S. Beverages segment includes various products, such as V8 juices and beverages, and Campbells tomato juice. Its Bolthouse and Foodservice segment comprises the Bolthouse Farms carrot products operating segment, including fresh carrots, juice concentrate and fiber. Its brands include Arnotts, Bolthouse Farms, Campbells, Garden Fresh Gourmet, Goldfish, Kjeldsens and Pace.

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